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Adler Group S.A. Registers Notable Performance in H1 2025

Adler Group S.A. reported a strong rental performance in H1 2025. The Berlin rental portfolio showcased a 3.4% rental growth, with a low operational vacancy of 1.6%. Despite the impact of asset disposals, net rental income for the first half decreased from €103m to €68m, but the company reaffirmed its full-year guidance of €127-135m. The portfolio value stood at €3.5bn as of June 2025.

Adler has focused on liquidating upfront sale development projects, aiming to complete these by the end of 2026. Notable sales include the CologneApart and Cologneo III projects. In Leipzig, Adler secured a major lease agreement with Deloitte for its Ostforum project.

The group's financial performance mirrored a smaller portfolio, with a net loss of €381m, though improved from last year's loss of €507m. Adler successfully refinanced a bond, boosting its position with no significant debts due until 2028.

R. H.

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